Baltimore to sell stake for €3.3m

Troubled computer security firm Baltimore Technologies will sell its remaining stake in Baltimore Technologies Japan (BTJ) to Betrusted for €3.3m in cash.

The company sold its core internet security business last year and its assets now consist of cash, property and some small support businesses.

Options open to Baltimore include winding up and distributing cash to shareholders, buying another business, or using its plc status to act as a vehicle for another company to list on the stock market through a reverse takeover.